Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

Key Points

Sahm was the economist who introduced the so-called Sahm rule in 2019.
It states that the initial phase of a recession has started when the three-month moving average of the U.S. unemployment rate is at least half a percentage point higher than the 12-month low.

Source

Finance

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 14, 2025

Key Points “Credit cycling” is potentially risky behavior with credit cards, but isn’t widely known, experts said. It involves repeatedly maxing out cards and paying down the balance, effectively letting cardholders spend beyond their allotted credit limit. Card companies could close users’ accounts and cancel their rewards, among other risks, experts said. Source

Finance

Stocks making the biggest moves midday: Circle, Visa, Carnival, Halliburton, Adobe and more

June 13, 2025

Check out the companies making headlines in midday trading: Oil stocks — Energy stocks climbed amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil were both up around 1% each, but off their highs […]

Finance

Stocks making the biggest moves premarket: Chevron, United Airlines, Northrop Grumman, RH and more

June 13, 2025

Check out the companies making headlines in premarket trading. Oil stocks — Energy stocks climbed in premarket trading amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron rallied nearly 3%, while ConocoPhillips gained more than 4%. EOG […]